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by
Anthonia Isichei
on
January 28, 2021 Blockchain
SIA, a major Italian payment company and a subsidiary of CDP Equity, has collaborated with fintech firm Wizkey to offer blockchain-based credit trading.
Blockchain Technology for Credit Trading
According to a press release on Tuesday (Jan. 26, 2021), SIA announced the launch of a new initiative in partnership with Wizkey that would enable financial institutions such as banks, financial operators, and funds, to trade credits, including non-performing loans (NPL) using blockchain technology.
Part of the features of the new credit trading platform will see every credit portfolio with its permanent data room, with the use of blockchain technology ensuring that data and history are authentic, while preventing asymmetry risks.